Xiangjiang Holdings: Wholly-owned Subsidiary Signs 158 Million Yuan Computing Power Technology Service Contract

36Kr reports that Xiangjiang Holdings announced its wholly-owned subsidiary, Xiangjiang Yunhan, has signed a "Computing Power Technology Service Contract" with related party Chengyatai. Chengyatai has entrusted Xiangjiang Yunhan to provide full-cycle high-end technical services for its IT equipment. The total contract value is expected to be 158 million yuan over a five-year term. This transaction constitutes a related-party transaction, has been approved by the board of directors, and does not require submission to the shareholders' meeting.